Initial General public Offering of GTI: Benefits and drawbacks of an GOING PUBLIC Essay

INITIAL

OPEN PUBLIC

OFFERING

OF

GTI

ACE Manager Problem Petteri Häjänen Berben Jordy Jorien vehicle den Bergh

Agenda

Exactly why is an GOING PUBLIC the right thing for GTI? How does an IPO job? Advantages and disadvantages of an IPO Economical details Execution strategy: how to attract which shareholders? Conclusion

Exactly why is this the right time?

Company readiness

•  Cash injection of 40m only ones best needed for expansion in the next 36 months •  Amazing growth prospects will attract traders

Market openness

•  IPO activity is definitely recovering after the financial crisis •  Capital increased in Oct/Nov 2009 1 / 4 was top since 2004, and trend is expected to continue

Industry readiness

•  Technical companies include a recent great successful IPO's

How does a great IPO work?

Potential traders

GTI Underwriter (BNP Paribas)

Advantages

Capital access Totally free trade in shares: higher liquidity Motivation for good corporate and business governance Larger credibility

Lose part of possession and charge of the company Considerable reporting and regulation compliance Higher pressure on managing Expense of IPO

Disadvantages

Company value

Industry Apparel Computer software Biotechnology Internet software and solutions GTI Price to publication value installment payments on your 28 3. 91 several. 9 four. 27 Return on value 4. 16% 11. 04% 5. 05% 5. 72% 16. 83%

Book benefit GTI fifty nine, 906, 336

Company value (x a few. 91) 234, 233, 774

Ownership

•  Introduce you, 000, 000 new shares •  Based upon company value, we need to promote 220, 000

shares to boost 50m only ones best

Owner Ruben Mackenzie Workers Investors

Number of shares one particular, 680, 000 100, 000 220, 000

Ownership 84% 5% 11%

Execution approach

1 a couple of 3

•  Target institutional investors •  Easier to reach •  Interested and proficient investors •  Technology-related however, not as dangerous

•  Build confidence amongst investors •  Assure commitment of CEO •  Display elaborate business plan •  Display proof of past results and expected future growth

•  Building a final prospectus • ...



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